SEC Classifies Polygon (MATIC) as a Security: Detailed Explanations Revealed

The U.S. Securities and Exchange Commission (SEC) has disclosed detailed information on why it considers MATIC, MANA, CHZ, SAND, and LUNA tokens as securities. Polygon (MATIC), Decentraland (MANA), Chiliz (CHZ), Sandbox (SAND), and Terraform (LUNA) are under scrutiny due to their fundraising and promotional strategies. Significant details emerged highlighting how these tokens were marketed and

Source: CoinOtag